Investment distributes: Lilium receives $100 million, spread receives $15 million, Sykell receives $4.5 million, and the remaining global entities garner £4 billion.
In the bustling startup landscape of Germany, Austria, and Switzerland, May 2023 saw a flurry of investments and acquisitions that have the potential to reshape the industry. However, a comprehensive search of DealMonitor reports revealed no detailed information about these deals, as the specific May 3rd report was not found.
Let's delve into some of the significant developments that took place:
Sykell Secures €4.5 Million Investment
Berlin-based Sykell, a company specialising in a multi-trip system for retail, system, and transport gastronomy, received a €4.5 million investment. Collateral Good Ventures, Interzero, and REWE were among the investors, with REWE having already invested in Sykell in 2022. The fresh capital will primarily be used for software development, personnel expansion, and marketing.
Spread Raises €15 Million
Spread, a Berlin-based startup aiming to teach machines to understand complex products, secured €15 million in funding. Investors included HV Capital, Cavalry Ventures, Dylan Field (Figma), the founders of Sennder, Walter Kortschak (Summit Partners), and other angel investors. Cavalry Ventures, La Famiglia, and business angels like Till Reuter, Sebastian Borek, Felix Jahn, Johannes Schaback, and Just Beyer have already invested around €3 million in Spread.
FoxBase Gains Schöck's Support
FoxBase, a Düsseldorf-based company aiming to revolutionise the sales process for explanatory products, received an investment of an undisclosed amount from Schöck, a building materials supplier. The company already counts Deutsche Telekom, Henkel, and Merck among its customers.
Acquisitions Abound
Paessler, a Nuremberg company that takes care of IT monitoring, acquired qbilon, an Augsburg startup that takes care of the recording and optimization of hybrid IT landscapes. Bayern Kapital and the two family offices Vetos and DI Beteiligungs GmbH (Iglhaut) previously invested a "good six-figure" amount in qbilon. T-Systems International also made an acquisition, buying GeoMobile, a Dortmund software forge that develops solutions for transport companies and places emphasis on usability and accessibility.
Other Noteworthy Investments
Infrafon, a Freiburg healthcare startup, received an investment of 400,000 Euros from the S-participation company of Sparkasse Freiburg-Nördlicher Breisgau and the S venture and participation capital. The company develops a smart badge system in credit card format for hospital employees.
Sayowo, a Rostock-based company founded in 2018, received an investment of 800,000 Euros from ESB Invest and several business angels. The company provides an all-in-one solution for fulfilling legal requirements in the field of compliance.
Novaheal, a Berlin-based EdTech company, received an investment of 560,000 Euros from allygatr, 9elements, and several business angels. The company offers a learning app for apprentices in nursing training.
Xentral, an Augsburg-based company offering a flexible ERP/CRM system, acquired yedi, a company that provides powerful data interfaces and data-driven processes between IT systems. The purchase price was a single-digit million amount.
Lastly, Lilium, a Munich-based air taxi manufacturer, received a $100 million investment from Tencent, bringing its valuation to $3.3 billion. Tencent has also promised to invest an additional $75 million in Lilium if the company can raise the same amount from other capital providers.
These investments and acquisitions underscore the vibrant and evolving startup ecosystem in the DACH region, with a diverse range of industries and innovations at the forefront. For the most up-to-date and comprehensive information, we recommend checking the official DealMonitor website or their published newsletters from early May 2023. Alternatively, specialized financial news platforms or databases like Crunchbase, PitchBook, or regional news outlets covering the DACH startup ecosystem may have archived reports for that period.
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